>> i go with 1824. well down, stuart. the company started when john cadbury opened a grocery shop in england in 1824. did you know, ashley, today is maund thursday and do you know what maundy thursday is? >> washing of the feet, last supper, that is last tin for commandment. >> the day sell operation of "the last supper." if i'm not mistaken in england the king or queen of the day walks outside the palace, hands maundy money happened to be hanging around? you remember that? i negative did. time's up for us ashley, "coast to coast" starts now. neil: stocks are not taking off

because more companies are laying off. we dig you decide. here are the facts, job cuts up five-fold this year versus last year. more than 100,000 of those were technology workers that is the first three months of this year. there is today's surprisingly high jobless claims figures. they hit 228,000 in the latest week. they actually look even worse so do prior months after you factor in seasonal adjustments. add in private sector payrolls stalling, companies expanding cutting, investors are worrying, not panicking, mind you, be grateful tomorrow is a market holiday. maybe we all could. we're all over it with former white house budget economist vance ginn. to go through all the job cuts, what they mean and former national security advisor robert o'brien all the economic insecurity could threaten the

nation's security. chicago black hawkes owner why he is worried about his city and worry ared about the guy voted in to lead that city. hello, everybody i'm neil cavuto. markets trading lower than normal ahead of the big employment number tomorrow. a lot of people hedging bets, getting out of town. many already have. let's go to donald trump's economic adviser vance ginn, what he makes of the job cuts that vance, are accelerating. what do you think. >> neil a pleasure to be with you. i think you laid it out really well at the opening. we have a slowing economy. we have a jobs market also struggling. adp reported earlier the private sector added 145,000 jobs that was well below estimates 210,000. consensus estimate.

240,000. unemployment rate stays at 3.6%. these things show slower growth in the economy and also jobs. see that with the tech sector, the banking sector. you start to see the bust, we had a artificial boom for so long. now we're seeing the bust. i think that is what the market is pricing in as well. neil: the fed's bullard is on the wires right now and he is indicating right now this backdrop, we might be coming off our best levels, but the job backdrop is strong enough to keep the fed doing what it is doing. he is saying that the fed should stick to its interest rate path, get inflation down while the labor market is still strong. so he is not changing his posture on these rate hikes, maybe not as many, maybe not as big but they're still on. what do you make of it? >> you know, neil, i think number one thing the fed should be looking at is inflation. that is the one thing they have any control over.

they don't have control over the labor market or anything else. they have to really focus on inflation and inflation is still running pretty hot. it is above 5%. it has come down from the highs of 9% year ago. running over 5% more than twice what their inflation target of closer to 2%. i think they have to keep raising rates, cut the balance sheet. neil, they started to cut the balance sheet the last few months, since the banking crisis started and others they added quite a bit more to the balance sheet, $400 billion. they erased a cut in the balance sheet. that indicates to me more inflationary pressures and liquidity. fed, put too much money into the economy. they have to bring the money out. we'll see the aftereffects of that when we start to see some of these busts. neil: you look at a lot of numbers, far more than i do, certainly when you were working for the president of the united states, i always worry about, it could be a good thing, consumer psychology when they're

convinced the wind is at their back, meant more jobs available for every worker to fill them. they buy accordingly, they do things very differently than at a time for example, like this where there are layoffs around them. they're seeing that go on around them. they're holding back, or they could hold back. now the backdrop is still relatively strong economy if you look at crowded things, restaurants, theaters you and i gotten into. i wonder about impact of hearing news like that, whether you see your neighbor laid off or downsized, start thinking there but for the grace of god go me and you get worried, you hold back, you retrench. what do you think? >> i think some of that is right. you have some psychological effect, some announcement effects. you hear these things. it affects the way you spend your money, the way you save, invest, things of that nature. it also influences small business owners. they are the ones that employ most americans across the country. they all start to see some snowball effect of things maybe

going downhill. you don't invest or spend as much that slows down the overall economy. one of the things, neil, we looked at a lot in the trump administration, should be looking at now. you don't want to prop up markets and the economy. we did a lot of that the biden administration did a lot of that last couple years. unfortunately that has to come back down. things will have to come home to roost to let the markets clear. you see job losses. job openings are the lowest in two years. that is one of the first shoes to drop, start seeing more job cuts and losses not only professional services, financial or tech companies but other areas as well. so i think there is still a long way to go. but i do think the fed needs to raise rates, cut balance sheets. pro-growth policies. we talk about that often that is the way to get out of this to have more prosperity overall. neil: you can't go anywhere without an environment which growth is encouraged, not discouraged. i always enjoy chatting. thank you, my friend.

have a wonderful weekend. >> thank you, you too. neil: vance ginn on all of that. more moves to find an alternative to the u.s. dollar. we told but the bisque countries, china, brazil, coming up with alternative to the dollar. you're seeing more and more countries trying, experimenting with it. this has been dabbled before but sort of gaining new, no pun intended currency right now. edward lawrence following it closely at the white house. are they sure in the white house, what is going on, edward? >> reporter: also here and over at the treasury department. this is, china wants to replace the u.s. as the dominant economic nation around the world. for china it starts out subtle. they have a long-term view of things. now that china is sort of chipping away at the u.s. dollar as the go-to currency around the globe. >> right now people don't trust the dollar. as for people, as for the yuan

or whatever replacing the dollar, good luck. the dollar is the best of a bad lot right now. or the report but china's actively making deals around the globe to replace the u.s. dollar, talking with saudi arabia doing oil transactions in yuan, not dollars. china also has an agreement with brazil to trade in the chinese currency as well as brazil's currency. china in talks to form a joint bank with iran using china's currency this is meetings in china leaving u.s. on the sidelines. french president emannuel macron in china last week. spain's prime minister met with the chinese president. next week europe's top diplomat heads there. meanwhile president biden is focused on the u.s., forcing transition and highlighting how much money that he is spending for that transition. president biden: inflation reduction, the most transformative investment in climate ever, by the way, not ever here, ever anywhere in the

entire world. the entire world. [applause] >> reporter: treasury secretary janet yellen said about a month ago that the u.s. is not in danger of losing its reserve currency status. she shays she does not see competition for a long time. we'll see. back to you. neil: all right. edward lawrence thank you very, very much. you have all of these various different groups competing to have a rival currency or a coming gelled currency. i talked to you the about the bric countries that include russia, brazil, iran, china separately, saudi arabia working with china and russia as well separately but they're all competing with each other to take on the dollar the single most powerful currency on the planet. there are a lot of implications from that. not just economic. ambassador robert o'brien joins us, former national security advisor, american global strategies founder and chair. ambassador, great to have you. >> great to be with you, neil. thank you. neil: what do you make of this?

in your day working in government, you've seen over your illustrious career, there have been stabs at this. find alternative to the dollar. we don't want the u.s. to lead the roost, coal everything, peg everything to that currency, have a rival one, no single country can rival it but coming up with ways they can get a marvel all-star team together to do it but what do you make of this because they're gaining traction? >> well we have to understand the chinese are competing with us across every spectrum. militarily, diplomatically, economically. this is part of their economic competition with us. the u.s. dollar being the reserve currency for the world is probably the second greatest source of other national power after our nuclear weapons stockpile and military f they can weaken us, not replace the dollar, that is a real problem because we use the dollar, a, to borrow at very low rates to fund our government, then to fund our

military. number two we use it to get bad guys. i used a lot when i was hostage envoy sanctions against individuals or bad governments. third, give us enormous influence over the worldwide banking system and intelligence that flows from having that influence. even if the chinese weakens us a little bit it is to their benefit. neil: i wonder whether the uproar they caused, news they have three ships encircling taiwan, doing military exercises just off the taiwan shore. that is provocative behavior. they're not too keen on the taiwan president here in the united states meeting with kevin mccarthy and a host of others but that agitation is actually strengthen the dollar, the one thing they don't want to see happen but what do you make of these moves especially in the taiwan strait? that is in response to what they said would be a very big mistake if she did meet with u.s.

leaders? >> well, listen we can't let the communist party of china dictate who our political leaders are going to meet with. they may do that with the general manager of the houston rockets and threaten to shut down the nba. they can't threaten the speaker of house of representatives, whether nancy pelosi last year or kevin mccarthy this year. i just walked out of a meeting with breakfast meeting seven wu taiwanese foreign minister in los angeles where i am. they are concerned what china will do he specially president tsai leaves u.s. territory, go back to taiwan. china is setting up potential inder interdiction in the chinese straits. american politicians can mead with whoever they want to and not somebody just to chin niece whim. they chip away at the dollar, che chip away at the relationship with taiwan. they chip away with us

diplomatically with iran and saudi arabia and trade deal with brazil. we have to have a robust, vigorous response to this across every industry, every sector. we have got to be competing with the chinese, making sure they don't have their way. otherwise our way of life is at risk, neil. neil: something is changing ambassador. looking deep down in the data, what you are noticing as well. i look at what i like to call the suck-up factor. people don't suck up to loser. they suck up to someone who is perceived winner or increased influence. xi xinping is rightly, wrongly seen that way, leader of china. emmanuel macron visiting him, using using that influence as a chinese leader to get russia to settle down in ukraine. european leaders meeting with him as well, what can we do to move the world forward without blowing it up. don't forget about doing business with us. i'm trivializing it but you don't do that with someone who

doesn't have any oomph or fear doesn't have any oomph. i see it with corporations all the time. someone a power center. everyone sucks up to him or her. no longer a power center, no one sucking up. what do you make of this? >> china has a massive market, 3 billion people, big economy, second biggest in the world. when you go to beijing, you see sea of black audis, bmws, germans and others want to access the market. you see it here in america. it is very sad. people in wall street sucking up to the chinese. financing chinese industries that are building ships and aircraft ultimately potentially fire on american soldiers and airmen, marines and sailors. we've seen the gaming industry wants our licenses in macau. see hollywood hoping to put more movies on screens in china. even in america you have got

certain industries sucking up to china. it is totally against american interests. it is bad for the country. it is not patriotic but the lure of the economy in china, old saying if you sell every chinese person a hamburger you would sell a lot of hamburgers. that mentality is a little outdated given china is really trying to dominate the world and take over our way life. we don't want to live in tow tall tearian state, surveillance state, social credit scores like chinese have. genocides being committed here like being committed in china. we have to really stand up to these guys. it will take a lot of effort, as you point out the lure of economic gain that you may have in china is very strong. neil: yeah. because i noticed one other thing, no one is sucking up to us, ambassador. that is not happening right now. we'll see. great seeing you again, my friend. have a wonderful weekend. safe one at that. >> thanks, neil. happy easter. neil: to you as well.

meantime here, well i guess you could say the owner of the chicago blackhawks wasn't too pleased the way the ball bounced in election for mayor, his candidate he wanted was going to crack down on crime didn't win. he is worried not only about the crime part, but about businesses whether they leave the windy city. rocky wirtz is here. ♪ your record label is taking off.

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♪. neil: he won surprisingly in the end, talking about brandon johnson in chicago what was deemed to be a law and order candidate would crack down on crime but paul vallas did not end up winning. abandon johnson did. he is trying to unite chicagoans making the city best on the planet he says. my next guest not so enthusiastic, hopes for the best. he doesn't know. you know his name. rocky wirtz. chicago black hawks owner and president. rocky, good to have you. >> neil, i appreciate it. neil: you were backing paul

vallas, concerned about crime as good number of people were. i was surprised in the end, that vallas leading throughout, this weekend it started falling out. i'm no pollster to know what happened but you would think his message on crime would resonate. what do you think of that? >> mayor-elect he is concerned about public safety also. i think the goals are the same, just how you get there might be differently. so, it is no secret that the business community was very much in favor of paul vallas but this is a time now, for unity. this is time now, chicago has 50 different wards. this is a time for the 50 wards to work together with city hall and i believe that the mayor-elect is going to do that. if he comes out of the gates strong, i believe he will, this is a time to reenforce the help that the business community can have, and quite frankly, who wants, i mean every major city is having problems with, with

you know, crime. chicago is no different but this is the time to get your arms and around it and have leadership. i believe the mayor-elect will do it. i'm willing to work any way i can to help him. neil: he has a funny way of indicating such a commitment. you might be right on the crime front. he might really get on top of it. the business front, avoiding steady exodus of workers from chicago he is still planning a tax on major corporations. i don't know if you will be rolled into that. and he is still looking at putting surtaxes on selling expensive properties, i think north of a million dollars, could be higher than that. that is not a way to endear the business community to you. i wonder what the fallout could be? >> well i think, again it is how you're going to do it. we have pensions that we have to deal with too and, so, i know we pay plenty of taxes ourselves for our businesses but i think it is, again, we have to work

together and how you put those taxes are, what you do and who you're taxing is all different. i mean you have to make sure everyone works together. taxes have to be equal for everyone, not just for a few. i think if we can find a way to do that i think it would be a good step in the right direction. neil: you might be right. i am curious, rocky, a lot of things mayor-elect is saying sound a lot like things lori lightfoot was saying at least when he was campaigning. you're right that could change here a lot of companies bristled at the notion they were making a big deal out of crime. mcdonald's ceo he could see workers getting mucked from his window in the building there, she said it is way exaggerated. i don't know the degree mr. johnson is talking about that, but obviously his campaign won. it had big backing of teachers unions. union is a big influence in your

city, throughout your state. i'm wondering you're a businessman, you have to put fannies in seats and fames, beyond that, you're pretty good at it. i wonder if the environment just changed for you? >> neil, i don't think so. i think the environment has always been there to, we have want to attract people to the city. still, the third largest city mediawise and this is a big city. it's great place to raise a family and, quite frankly for tourists coming in. not only you know, from out-of-states, but yes it is important for us and crime is something we have to be careful because we want people to come into the united center. that is where the bulls and blackhawks play and our partner jerry reinsdorf, we both own a piece of the building. the important thing we want fans to feel comfortable coming to our building, how we can do that. yes it is important, i don't think this is any different than any other big city. i know it is still the cleanest city we have compared to some of the other cities. quite frankly we have a terrific

lake front. a great young person city, to come and start working in. neil: i'm curious, i know we're we're on the verge of the nba playoffs. sadly doesn't look like your team may make that, but i want to get your sense how things look? >> well, i think that, look it what our job is, it is sports entertainment and that's it, do the best product we can if it is on the ice or on the court. we can control the fan experience. quite frankly though, chicago has one of the highest entertainment taxes in country, 12% for sports off the top. we have to make it worthwhile for the fans to come in. but you can't tax your way to prosperity and this is something always very concerning to us because the price of the ticket are price of tickets, but you put 12% on top of that, it gets

to be very expensive. neil: do you ever worry, you're a savvy businessman, rocky, there are a lot more creative attempts to raise taxes, raise revenues but very little, i could extend this to washington, d.c., around the federal government, very little effort to do the same on the spending side? >> well, it is like anything, it is a lot easier to spend money when it is not your own. so when the taxpayers are giving you money, yes, and that is something that we have, you have, yes, you have to raise but you also have to look at your bottom line. your bottom line certainly has to be not only income but it has to be expenses. so, yes you have to balance the budget. tough understand it. you have to treat it like it was your own budget, your own household budget, not just because someone giving you money i have to spend every nickel that i get. neil: yeah. just confirming something i think you hinted at earlier, you see the new york knicks going all the way winning nba championship, is that what you said either? >> i don't think the jerry

reinsdorf and reinsdorf family would let me in the building if i said that. neil: i got you. i slipped that in there. rocky, very good seeing. >> you thank you, i appreciate it and i always enjoy watching your show so thank you very much. neil: all right. good luck with everything, rocky wirtz the chicago blackhawks principal chairman and owner. trying to give the new mayor-elect the benefit of the doubt. there are a lot of doubts. very open to seeing promise after new mayor coming in and fixing things. we shall see. meanwhile no debating what is going on across the pond in paris, have you seen this? these protests are going on weeks after the law slowly went into effect that would slowly raise the retirement age in france for public workers from to 64, from 62. they are not having it. the protests go on and on. sometimes they get pretty violent. they're not stopping. emmanuel macron has been in

asia. visited with xi xinping. he wouldn't be back for a while. they don't seem to care one way or the other. they are ticked off.

so it's decided, we'll park even deeper into parking spaces so people think they're open. surprise. [ laughs ] [ horn honks, muffled talking ] -can't hear you, jerry. -sorry. uh, yeah, can we get a system where when someone's bike is in the shop, then we could borrow someone else's? -no! -no! or you can get a quote with america's number-one motorcycle insurer and maybe save some money while you're at it. all in favor of that. [ horn honking ] there's a lot of buttons and knobs in here.

>> flight movie. >> miss, how are we doing on the headset? >> i will be right there, sir. >> excuse me. can i get a headset from you, please. >> do not raise your voice to you, sir. >> i'm not raising my voice. >> stay calm. >> i am calm. i want headset. >> is there a problem sir. i am calm. what is it with you people? >> you people? >> i mean you people. >> sir, calm down. >> i'm calm. ah! neil: maybe it won't be that bad, i will have crowded flights. we will have some, canceled and delayed flights. probably the rule of the roost these days when you go flying. we're hearing from more airlines

indicating you might not have as many flights period. lydia hu newark international airport with that side of the story. lydia? >> reporter: neil we heard a lot about the pilot shortage a shortage of air air traffic controllers posing a problem for faa. because of shortage of air traffic controllers, allowing airlines serving new york city area, to pull back on the schedule as much as 10% for summer months. faa says fewer flights, means less congestion, fewer delays, but experts say more expensive flights watch. >> the fact that the airlines are reducing flights in and out of new york means fewer flights, fewer seats, fewer low fare seats. don't wait for that. >> reporter: the air traffic

controller shortage is a nationwide problem, neil. it is especially bad here in the new york city area. according to the faa the air traffic control center on long island is staffed at 54% level of what is needed. that is below the national average right now of about 81% staffing. so far it is jetblue and american airlines that say, they're going to reduce the number of flights they serve to the new york city area airports. delta for now is also looking at its schedule and options but it did ask the faa to let it cut up to 10% of its flights too. more expensive air fare is no doubt frustrating news for travelers. but if airlines do nothing, the faa says summertime delays will increase by 45% over last year. watch this. what do you think is worse, more delays and chaos or more expensive flights? >> i think we're going to stay home. >> we want to travel less right? i can't afford to travel.

more expensive. >> this is the problem with the administration and management. has nothing to do with like number of people traveling. i think it is they just have to work on the system, right? be better at management. >> reporter: saw reduction in flights certainly going to impact laguardia, jfk, newark where i am. you can see here american announcing reduction impact to other airports across the country, too. keep that in mind, neil. anyone planning summer travel, you can expect fewer options, higher air fares. it sounds like a lot more headaches moving forward. neil, back to you. neil: lydia, thank you, i guess. want to go to mark murphy. every time people get anxious about this, including myself, mark is a rescue, tips how you deal with this, trips you might consider abroad. taking a look what is going on abroad in places like france where the protests are on.

maybe you eschew a trip to paris. mark, how do you look at flying not only as we get into the easter, passover travel season, after that into summer? >> i think you're just going to continue to see with the inflationary period we've been experiencing the last year-and-a-half, two years, you couple that with higher fuel prices because they will continue to go higher based on what is happening in terms of supply destruction. you have got cutting from opec. that will impact airlines. everything lining up for perfect storm. you cut flights, fewer flights. supply and demand. demand is through the roof foretravel. as you hear from some passengers they will forego travel when it gets to that point. seeing major cities new york city become less and less safe. their tourism business is hurting big time. going forward this is the new normal for people. the silver lining, you will pay more, ideally get to the destination on time.

then again you got wild card if you fly to europe, this will hurt your business at the peak as it is getting started right now. you have the walkouts. they need to start thinking back in france, go back to what reagan did in the 1980s. you can't have key people walking off the job. they should fire these people. they should have people to replace them but even in our country, your reporter said new york city, air traffic control staff something 51% of where it should be. if you're running a business, neil, you ran a business like this you wouldn't have a business. you would get fired but because it is the government, guess what? it just continues on like a bunch of bumbling fools. this is not a new thing. the aft tc has been a problem for years. airline pilot shortages have an a problem. we've known this for decades. neil: it is wild. when i hear of these airlines, you know, jetblue, and some of these others all of sudden out of nowhere, american might be among them, saying we canceled a

lot of these routes and or flights, what do you do? let's say you're planning a trip, get away, wait a minute they just canceled my flight. got it at a good price. i can't get a replacement one at that same price. >> so what you're going to have to look at connections through other markets. you will have to look at secondary airports. if your airport no offering american airline service happening you will have to drive two or three hours to connect to a airport will get you to your ultimate destination. that will be a lot of headaches. book with a travel agent. even booking a point to point airline ticket, let them deal with the headache and navigate to get you a good deal. that is one way to take stress off you and your family. that is lit literally all you can do. you're trapped by the system. over 80% of the airline travel in u.s. is controlled by four

carriers, neil, there is nowhere to go. there is nowhere to go these days. neil: they are the ones calling the shots. mark murphy, appreciate insight here. hope everyone stays calm through the process, even though it is not a joy. mean time not a joy for walmart these days, those going to walmart, trying to find a good price. the company doing darnedest to make sure they can find them. ceo says inflation is sticking and some customers are halting. after this. ♪. (man) what if my type 2 diabetes takes over?

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♪. neil: all right. walmart is indeed warning that inflation is going to be sticking around a while.

this as jim bullard, federal reserve says the fact we got to get inflation down. so they will continue to battle that, maybe even keep raising rates in the process. we don't know how many, exactly how high. that will continue. that is environment where you see those high prices sticking around for maybe a while. david wagner with us, capital advisors, the portfolio manager. david, do you agree with walmart's assessment, we're going to have to deal with this, it will has a while? >> yeah, i mean definitely feels like public enemy number one right now is inflation. you had the ceo of walmart come out to say that again yesterday. if you look at grocery segment of their business, this business already has very paltry margins, you know what? that is where inflation is really staying elevated and very sticky. last night come out on monthly numbers say the exact same thing. they're getting resiliency on general merchandise side. seeing less, more deflation

there but, neil, the kicker here is the sticksky aspect of wage inflation. if you just look at the u.s., the average hourly wages has increased by 30% over the last five years. if you look at the income statement for walmart what is probably the largest expense line on the income statement? it is going to be sg&a. that is why the company yesterday at their investor day, came out said, you know what? we'll keep guidance where it is right now. it will be lower than what it was past few years. hey, margins, they're staying lower than what most analysts are expecting right now. inflation headwinds are definitelier is definitely per sitting at more core staples stores in the united states. neil: walmart ceo, doesn't mean they stop going to walmart. obviously maybe their average receipt now has gone down a little bit in light of the high prices, they're holding back on some purchases. i'm wondering, we've seen some anecdotal evidence of this in other areas, maybe people go to

restaurant, they're not ordering a appetizer or dessert, seems crazy to me, i guess different strokes for different folks, the point is people are trying to adjust that way. what do you make of it? >> i fully agree. look at actions of walmart, what they have been doing over the past few years, that they understand that inflation, especially on the wage side will continue to be sticky. if i go back to college, look at basic macroeconomic class, what is out put, k plus l. right now, l, the wage expense, labor side, pricing will get he can exorbitant. walmart saw pricing on the wall. they put more investment on the k side, capital side. that is automation, my biggest takeaway with the investor day back down in florida, the automation at warehouses, one it is working, two, you know what? they will start rolling that automation out across the country right now because right

now what does market love the best right now? companies with the most amount of profitability. the more you can utilize k over l, longer period of time that will create sustainable, growing margin obviously benefiting the stock in the future. neil: i understand young people are okay with self-checkout and all the rest but is that the direction they're talking about there as well that is the future? >> yeah. i mean they're talking about that a little bit right there. focusing more on warehousing side, automated forklifts, a lot more efficiency within the warehouse side getting that product to the walmart store as a whole. not just self-checkout. more embodying across entire efficiency of the supply chain. neil: all right. because i tried that self-checkout thing. i think i spent $600 for like three items. i had no idea what i was doing. glad you're on top of this, david, you're a young guy, you know what you speak. david wagner, aptus capital

advisors portfolio. thank you my friend. meantime go to brian brenberg what he has coming up in 12 minutes on the fine "the big money show." brian: neil, white house planning economic victory lap ahead of the tomorrow es jobs report. we'll meet a 18-year-old college student who wants to be disney's next ceo. that is at the top of the hour with more "coast to coast" after this. ♪. so, am i still on track to reach my goals? the plan we created can withstand uncertainty. lately everybody has opinions about the economy, but i count on personal financial advice. my ameriprise advisor understands the markets and me. she knows my goals and can help me reach them with confidence. the markets may fluctuate but you're still on track. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to

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♪. neil: all right, following developments in paris, these protests over changes in the retirement system there, not huge changes. just a slow hike in the retirement age from 62 where it is now, among the world's lowest retirement ages sanctioned by a government to 64 in another seven years which would be among the lowest retirement ages sanctioned by a government. we're watching it very, very closely. this as emanuel macron is out of town. he has been in china has couple days, wrapping it up shortly. they don't seem to care whether he is there or not they don't like what he is done making that very clear.

we have john tamney. preview of coming attract shuns here, we would have difficult time accepting any, any adjustments in social security but it's little night and day. we're already at this retirement age and then some. i just, i just don't know if that is a good comparison but what do you think? >> i think it's very bad comparison. americans more and more are in love with their work. americans fight the day that they have to retire. work is what defines them. it is what animates them. i feel sorry for the french, that they would look forward to 64 as the time to stop working. what would you do? that speaks to differences between the american people and the french people. neil: you know, i don't know whether retirement age is separately in china. i do know that china is rattling a lot of economic cages these days. i did want to spend a little bit of time talking to you what they're planning. i want to get into tiktok, all of that i also want to talk about how they're trying to come up with a rival currency working

with other countries to that of the dollar. they're getting very bellicose lately. they have three ships circling taiwan in light of the president's visit to the u.s., you know the drill, they're non-stop with this stop. what do you think? >> i don't think it means as much as people think. the reality, producers choose circulate what currency is in any country dollar is the currency in iran, venezuela, if you want a house in argentina you borrow dollars to buy it. market we use money to exchange real goods and services to use it. china canned decree the yuan as global currency. the dollar is the currency because it is trusted around the world. neil: john, i mentioned tiktok, a number of folks are kicking around the idea banning tiktok period. universities in florida, elsewhere don't want it on the

kids phones at all. but, what do you think of the direction this is moving? a lot of kids are protesting that, a lot of young people in general. a lot of people who do business on tiktok, what do you think? >> i think it is insulting. i think it is embarrassing, that the american political class would think the american, the love of the american people for the country, the greatest country on earth is so limited that some app could cause them to go against the united states. i mean the victimhood that permeates the political class, that we'll be afraid of an app to make us un-american is so embarrassing. historians will laugh, they will shudder at what the political class did. we used not to want the chinese to be communists. we wanted them to be more like us. now they're creating more businesses like us. what is our response? we're trying to ban them. we're back banners this is prohibition all over again. it will embarass those who try to do it. neil: you know they obvious response you get this isn't just

an app, an app that spies on you, china is up to no good. it is high-tech social media trojan horse, what do you think? >> let's assume that true. if it is an app spying on us we know from our own cia that thought that the soviet union was actually an economic power, that had no clue about its looming collapse, we know how effective intelligence agents are. to presume the chinese tell agents can somehow turn americans against their country is just laughable. the other argument, well actually the ccp is playing with the algorithms to convince american to hate the united states or something like that. okay, so if a government is running this business, we know this business won't last very long. that is what we've always argued that government-run businesses by definition fail. so what does tell us? if it is true tiktok would won't be around very long. if tiktok is around a long time.

that the ccp overstated, weak need politicians engage in protectionist acts going after a business meeting needs of american people. why do the american people always have to lose their freedom every time the political class has a hissy fit? neil: all right. well-thought out, john. thank you very much. we'll have morore after this. even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, .. by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. (wheezing) asthma isn't pretty. it's the moment when you realize that a good day... is about to become a bad one. but then, i remembered that the world is so much bigger than that, with trelegy.

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